The world of artificial intelligence is rapidly evolving, with new developments and innovations emerging every day. From the opening of a major AI hub in New Jersey to the potential replacement of traditional lawyers by AI, the impact of this technology is being felt across various industries. As AI continues to advance, it is likely to have a significant impact on the way we live and work.
New Jersey AI Hub Opens
The NJ AI Hub, a state-of-the-art collaborative ecosystem, has been officially opened in New Jersey. The hub will provide a physical location where AI start-ups can collaborate, helping to support new, diverse innovators and drive long-term economic growth. The involved partners, including Princeton University, Microsoft, and CoreWeave, will focus on three main pillars of programming, including research and development, commercialization and accelerating innovation, and strengthening AI education and workforce development. The NJ AI Hub will build on other investments being made by New Jersey to develop the state's AI ecosystem, including the planned AI Venture Fund.
AI Regulations in States Shift to Pro-Innovation
There is a shift in the approach of states towards artificial intelligence regulations, with a focus on pro-innovation rather than risk mitigation. This is evident in the actions of states such as Virginia and Texas, which have rejected stricter norms in favor of a pro-growth and innovation stance. The National Association of Manufacturers has also recommended four key actions to support the development of AI, including modernizing regulatory frameworks and creating transparency standards. This shift in approach is likely to have a significant impact on the development of AI in the US.
Virginia Governor Vetoes Comprehensive AI Consumer Protections
Virginia Governor Glenn Youngkin has vetoed a bill that would have required developers and companies using 'high-risk' artificial intelligence systems to take steps to protect consumers from discrimination. The bill would have made companies responsible for protecting consumers from bias in areas such as hiring, housing, and healthcare decisions. However, the governor argued that the bill's framework fails to account for the rapidly evolving nature of the AI industry and puts an onerous burden on smaller firms and startups.
Artificial Intelligence Could Replace Traditional Lawyers by 2035
Artificial intelligence could replace traditional lawyers by 2035, according to Richard Susskind. The development of artificial general intelligence (AGI) is expected to have a significant impact on the legal profession, with clients able to use AI bots to advise on areas such as tax, intellectual property, and banking. While many lawyers are skeptical about the potential of AGI, the rapid advances in AI technology are likely to have a significant impact on the legal profession in the coming years.
Georgia Legislators Push for More AI Guardrails
Georgia legislators are pushing for more regulations to rein in the development of artificial intelligence. The proposals include requiring companies to allow consumers to opt out of having their personal data used for targeted advertising and limiting the use of AI in certain areas. However, civil liberties groups argue that these efforts do not go far enough to protect consumers. The development of AI is likely to continue to be a major issue in the coming years, with states and federal governments grappling with how to regulate this rapidly evolving technology.
France's Schneider Electric Announces $700 Million Investment in US for AI and Energy
France's Schneider Electric has announced a $700 million investment in the US to boost energy security and the growth of artificial intelligence. The company plans to create over 1,000 new jobs and support the country's focus on bolstering its energy infrastructure. The investment is part of Schneider Electric's strategy to play a leading role in shaping a more innovative, affordable, and energy-efficient future in the US.
Alabama AI Task Force Outlines Potential and Risks in Final Report
The final report from Governor Kay Ivey's Artificial Intelligence Task Force has been published, outlining the potential uses of AI in government and the risks associated with its development. The report recommends implementing policies at the state and agency levels to guide AI usage, with regular audits to ensure compliance and safety. The task force has identified areas such as policy and governance, law enforcement and public safety, and healthcare as potential areas where AI can be used to enhance efficiency.
The AI Recruitment Takeover: Redefining Hiring in the Digital Age
The recruitment industry is on the verge of a revolution, with artificial intelligence set to play a major role in the hiring process. AI is no longer just a tool in recruitment, but is instead becoming the architect of a future where hiring could be fully automated. Companies are already leveraging AI to streamline hiring and onboarding, accelerating decision-making and optimizing workforce planning. The use of AI in recruitment is likely to have a significant impact on the way companies find and hire new employees.
Kicked out of Columbia, this Student Doesn’t Plan to Stop Trolling Big Tech with AI
A Columbia University student has been kicked out of school after building an artificial intelligence tool to cheat on tech job interviews. The student, Chungin 'Roy' Lee, used the tool to fool four of the world's biggest companies, including Amazon and Meta. Lee's actions have highlighted the issue of cheating in online assessments and the need for companies to develop more effective ways to detect and prevent it.
Want AI with that? Artificial Intelligence to Take Fast-Food Orders at Taco Bell, KFC
Fast-food giant Yum! Brands is set to begin rolling out artificial intelligence at hundreds of its locations, including Taco Bell and KFC. The AI technology will handle complex menu orders and navigate customer speech patterns, with the goal of optimizing drive-thru efficiency and back-of-house labor management. The use of AI in fast food is likely to have a significant impact on the customer experience and the way companies manage their operations.
Key Takeaways
- The development of artificial intelligence is rapidly evolving, with new innovations emerging every day.
- The impact of AI is being felt across various industries, from law to fast food.
- States are grappling with how to regulate AI, with some focusing on pro-innovation approaches and others pushing for more guardrails.
- The use of AI in recruitment is likely to have a significant impact on the way companies find and hire new employees.
- The development of AI raises important questions about the potential risks and benefits of this technology, including the need to prevent cheating in online assessments and ensure that companies are using AI in a responsible and ethical way.
Sources
- Ribbon Cut on Major Artificial Intelligence Hub
- AI Regulations in States Shift to Pro-Innovation, Not Risk Mitigation
- Virginia governor vetoes comprehensive AI consumer protections
- Artificial intelligence could replace traditional lawyers by 2035
- Georgia Legislators Push for More AI Guardrails
- France's Schneider Electric announces $700 mn investment in US for AI and energy
- Alabama AI task force outlines potential and risks in final report
- The AI Recruitment Takeover: Redefining Hiring In The Digital Age
- Kicked out of Columbia, this student doesn’t plan to stop trolling big tech with AI
- Want AI with that? Artificial intelligence to take fast-food orders at Taco Bell, KFC